Results 6,341-6,360 of 35,563 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: I was wondering if we all should go home, given that the CEOs have told us they are ahead of target and everything is going so well. I want to dig a bit deeper into all of that. I might focus, given the limitation of time, on Ms Howard in relation to Ulster Bank to see where it is at this point in time. I welcome some of the statistics that Ulster Bank brought to the committee. The key...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: With respect, because I am going to delve into this, I just want to get some facts. Can Ms Howard give us a breakdown of how many letters were issued in April?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Brilliant. In the breakdown of those, how many of those were active current accounts and active deposit accounts?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Gripping all of that together, Ms Howard has come here and redefined how she will target. It was closure of accounts and now it is little activity. She speaks about between one and five transactions. However, one transaction that defaults could be a major one. Breaking this down, 51% have closed and their deadline is now two weeks away. It will be two weeks from Friday, but 51% have...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: I appreciate that. I want to get some statistics, however, because none of these numbers were in Ms Howard’s opening statement. The key issue for us is that there is a deadline of two weeks from Friday, when the bank is to suspend activity. We know that 8,500 are still open. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: We will come to that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Ms Howard mentioned in her opening statement that there will be a process there, which I welcome. I want to come to that, if that is okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: So, there are 8,500 that are still open. Of the 8,500 that are still open and that have a deadline of two weeks from Friday, how many of them have a nil balance or have no activity whatsoever and are basically inactive?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Is the figure 2,200 or roughly about that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Just over 3,000. Then we have approximately 5,500 accounts that have some level of activity, are not closed and that have a deadline. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Ms Howard is mixing up two different categories that I want to separate, because she is saying has “no activity” or “little activity”. That “little activity” is an active current account. It is an active account. If there is activity on it, then it is active.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: What type of activity is it, if Ms Howard could give me an example?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Yes, but they could be a direct debit. Could it be a direct debit for a mobile phone?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Could it be an electricity bill?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Could it be an electricity bill?